Current CME fed Fund rate futures prices showed that rates of Fed moves to raise interest rates again in December, has risen to 93.5%, show the consensus between the markets and the Fed raising interest rates is already fully condensed.
The Barron's reports, estimates out Fed December rate hike is already a fact, market investors do now should be, looking forward to 2017, Fed may raise interest rates several times?
According to the Fed meeting in November after the release of the FOMC interest rate intentions Dot Plot display, Fed officials now expect, except in December outside the Fed moves to raise interest rates, 2017 Fed may raise rates 2, meaning the end of 2017 Fed levels of the federal funds rate, to between 1% and 1.25% in the future.
Michelle Girard said that coupled with the Trump of infrastructure projects has significantly lifted United States inflation expectations, pace of Fed rate hikes will come quickly, Fed estimated in June 2017, will raise interest rates, raise rates again in December shot once.
Royal Bank of Scotland estimated in 2018, the Fed will raise interest rates four times, to the end of 2018, range Fed federal funds rate will rise to between 2% and 2.25%.
US investment bank Jefferies Ward McCarthy, chief financial economist, estimates that Fed will raise rates in 2017, 2 times, but for 2018 Fed moves, Ward McCarthy gave no estimates.
Ward McCarthy believes that Dot Plot display of the current FOMC 2017 and 2018 respectively increase 2 times, but it doesn't mean that Fed expected in 2018, will not change.
Ward McCarthy said that if United States in 2017, the Government vigorously implemented fiscal stimulus, cut the corporate tax rate, the expansion of infrastructure spending, the Fed is likely in 2018, must accelerate the implementation of "normalizing interest rates" to prevent the United States economy to overheat. McCarthy bluntly, 2018 are likely to be United States interest rate policy is an important turning point.
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